KARE PharmTech

What KARE PharmTech does

KARE PharmTech is a privately held Tampa, Florida-based healthcare technology company organized as an AI-powered ecosystem of 11 operating brands serving the four "P's" of U.S. healthcare — independent pharmacies, providers, pharmaceutical companies, and payers. Its central technology is KARE Brain, a generative-AI-driven data intelligence platform that captures touchpoints across these segments and produces predictive insights, supply-chain optimization, and process automation across the portfolio. The company packages KARE Brain through distinct products: KARE PMS and KARE GPO for pharmacy operations and group purchasing; KARE Clinicals (RPM/CCM/RTM), KARE Provider Strategies (revenue cycle management), KARE Rx Card, and KARE Rx Portal for providers; KARE HUB + Specialty and KARE Lifestyle (GLP-1/wellness) for pharma; and KARE Digital Health (telemedicine in all 50 states) and KARE Pillbox (Wi-Fi/cellular adherence device) for payers.

KARE generates revenue through a mix of SaaS-style platform subscriptions, transaction and GPO fees (members realize 2–3% cost-of-goods savings), per-consultation telemedicine fees, PBM processing fees and rebates via KARE Rx Card, specialty pharmacy and prior-authorization services, CMS-reimbursable RPM/CCM/RTM billings, and outsourced revenue cycle management services. Distribution is primarily domestic B2B through direct enterprise sales, the KARE GPO reseller network, and strategic channel partners — notably a 2026 MSO pilot with Wellgistics Health (6,500+ independent pharmacy footprint, 1,500+ CCM/RPM claims generated) and an April 2026 joint venture with KareRx Hub targeting 200,000+ patient lives. Founded by Dr. Kiran "Dr. K" Patel (also founder of WellCare Health, Freedom Health, and Optimum Health) and CEO Mital Panara, the company reports 11–50 employees and has executed at least one undisclosed acquisition (Nuehee, May 2025).

Name

KARE PharmTech

Legal name

Kare PharmTech, LLC

Website

https://karepharmtech.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

KARE PharmTech is a Tampa-based AI healthcare technology company operating 11 product brands across pharmacy, provider, pharma, and payer segments on a shared KARE Brain data intelligence platform, serving independent pharmacies, physicians, payers, and pharmaceutical companies.

Ownership category

akta.pro rank

Product category

Healthcare Technology / Pharmacy Management Software

NAICS

Software Publishers (513210), Pharmacies and Drug Retailers (456110)

SIC

Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Pharmacy Information Systems (PIS) & Dispensing Workflow (HLACAKAC)

akta.pro secondary industries

PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools) (HLAEAKAL), Connected Therapeutics & Smart Drug Delivery Monitoring (HLACAFAL), Pharmacy/Medication Management & Virtual MTM (Payer-Sponsored) (HLALACAK), AI/ML Platforms for Drug Discovery & Experiment Optimization (HLAGAJAO)

Keywords

• Pharmacy management software
• AI healthcare platform
• Medication adherence devices
• Telemedicine services
• Revenue cycle management

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Platform/SaaS Subscriptions: AI-powered platform subscriptions for pharmacies, providers, pharma, and payers accessing KARE ecosystem of tools and services
2. Group Purchasing Organization (GPO) Fees: Collective purchasing power model generating revenue through preferential pricing from wholesalers, with members experiencing 2-3% cost savings
3. Telemedicine/Virtual Care Services: Revenue from virtual healthcare consultations through KARE Digital Health platform
4. Pharmacy Benefit Management: KARE Rx Card generates revenue through in-network and out-of-network processing fees and rebates shared with pharmacy partners
5. Specialty Pharmacy Services: Revenue from specialty medication dispensing, prior authorization support, benefit investigations, and pharma-sponsored programs including consignment services
6. Remote Patient Monitoring (RPM/CCM/RTM): CMS reimbursement programs for chronic care management, remote patient monitoring, and remote therapeutic monitoring services
7. Revenue Cycle Management Services: KARE Provider Strategies provides HIPAA-compliant coding, documentation, and reimbursement services for healthcare agencies

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

KARE PharmTech operates an AI-powered ecosystem of healthcare companies serving pharmacies, providers, pharmaceutical companies, and payers. Its core offering is the KARE Brain data intelligence platform — built on generative AI and machine learning — which captures real-time touchpoints across the healthcare continuum and powers a portfolio of 11 products including pharmacy management systems, group purchasing, telemedicine, medication adherence hardware, revenue cycle management, specialty pharma hubs, and discount pharmacy cards.

Product overview

KARE PharmTech is an AI-powered ecosystem of healthcare companies organized around a unified platform architecture. The core offering centers on KARE Brain, a data intelligence platform that provides real-time, actionable insights using generative AI and machine learning across the healthcare continuum. This platform powers and connects a portfolio of 11 distinct products organized across four service segments: Pharmacy (KARE PMS, KARE GPO), Provider (KARE Clinicals, KARE Provider Strategies, KARE Rx Card, KARE Rx Portal), Pharma (KARE HUB + Specialty, KARE Lifestyle), and Payer (KARE Digital Health, KARE Pillbox). Products like KARE PMS, KARE Rx Portal, and KARE Clinicals directly leverage KARE Brain's AI capabilities, while others such as KARE GPO and KARE Rx Card provide specialized services. The architecture enables data-driven decision-making that enhances patient outcomes and operational efficiency.

Differentiator

Problem solved

Functional benefit

Brands

• KARE Clinicals: Advanced RPM, CCM, and RTM solutions for comprehensive patient care platform
• KARE Digital Health
• KARE GPO
• KARE HUB + Specialty
• KARE Lifestyle
• KARE Pillbox
• KARE PMS
• KARE Provider Strategies
• KARE Rx Card
• KARE Rx Portal

Products and services

• KARE PMS
• KARE GPO
• KARE Clinicals
• KARE Provider Strategies
• KARE Rx Card
• KARE Rx Portal
• KARE Digital Health
• KARE Pillbox
• KARE HUB + Specialty
• KARE Lifestyle
• KARE Brain

Quantifiable outcome

• Members experience 2-3% cost savings on cost of goods through KARE GPO
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature8 records

Partnerships

Six partnerships are on record, tiered minor and core.

• NFL Alumni HealthminorStrategic or Co-development Partner · 20 May 2026Partnership through Tollo Health for Health Lives Here program extending patient engagement, part of Wellgistics Health's strategic initiatives.
• Tollo HealthminorStrategic or Co-development Partner · 20 May 2026Wellgistics Health acquired controlling interest in Tollo Health to extend direct patient reach through programs like Health Lives Here in partnership with NFL Alumni Health.
• Wellgistics HealthcoreStrategic or Co-development Partner · 13 May 2026Pilot MSO (Management Services Organization) collaboration with Wellgistics Health to support chronic care management (CCM) and remote patient monitoring (RPM) services. The pilot has generated 1,500+ claims and leverages Wellgistics' network of 6,500+ independent pharmacies to identify and support eligible patients for CCM and RPM services. Collaboration targets the $14 billion U.S. RPM market.
• Kare ClinicalscoreTechnology or Integration · 13 May 2026Part of KARE ecosystem, Kare Clinicals provides RPM, CCM, and RTM solutions integrated with Wellgistics Health collaboration for MSO pilot program supporting chronic care management services.
• KareRx Hub, LLCcoreStrategic or Co-development Partner · 14 April 2026Joint venture forming combining pharmaceutical technology platforms. The integrated platform merges Wellgistics' HubRx AI and EinsteinRx technology with KareRx's digital hub infrastructure to streamline prescription processing from intake through fulfillment, with potential reach to more than 200,000 patient lives.
• KareRx HubcoreStrategic or Co-development Partner · 4 November 2025AI-based digital hub for pharmacies, telemedicine, and specialty pharmaceutical products. LOI for acquisition by Wellgistics Health expected to close January 31, 2026. Enhances offerings with telemedicine support and blockchain-enabled pharmaceutical tracking.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• McKesson Corporation: McKesson operates pharmaceutical distribution and pharmacy technology (including enterprise pharmacy management and GPO services). Comparable as a broad incumbent serving independent pharmacies with both distribution/software and KARE competes in adjacent layers.
• Surescripts: Surescripts operates the dominant e-prescribing and clinical interoperability network in the U.S., competing in the ePA/eRx layer that KARE Rx Portal addresses. Comparable as a health-IT infrastructure provider for pharmacy workflows.
• Cencora (formerly AmerisourceBergen): Cencora is a major pharmaceutical distributor and offers pharmacy solutions, GPO services (e.g., ABC Order), and technology tools serving independent pharmacies. Broad incumbent peer across distribution, GPO, and pharmacy tech.

Direct peers

• RxNT: RxNT offers pharmacy management, e-prescribing, and revenue cycle management software to pharmacies and providers. Directly comparable technology stack to KARE PMS, KARE Rx Portal, and KARE Provider Strategies.
• CoverMyMeds (McKesson): CoverMyMeds is the leading electronic prior authorization (ePA) platform integrated with pharmacies, providers, and payers. Directly comparable to KARE Rx Portal and KARE HUB + Specialty ePA functionality.
• GoodRx: GoodRx operates a pharmacy discount card platform and telehealth services for affordable medications. Comparable to KARE Rx Card and KARE Digital Health in serving payers/patients via discount and virtual care.
• PioneerRx: PioneerRx is a pharmacy management system vendor focused on independent community pharmacies. It is the most direct competitor to KARE PMS in the pharmacy software segment that anchors KARE's offering.

Emerging players

• Truepill: Truepill operates a digital pharmacy platform with telehealth and pharmacy fulfillment infrastructure. Comparable as an emerging player in tech-enabled pharmacy and direct-to-patient medication delivery.
• Waltz Health: Waltz Health is an AI-driven PBM technology platform focused on prescription pricing, transparency, and specialty drug management. Comparable to KARE Brain/KARE HUB as an AI-first pharmacy technology challenger.

Regional players

• Loblaw Pharmacy / Shoppers Drug Mart (Canadian context): Large pharmacy chain operator with extensive pharmacy technology and adherence programs, primarily serving Canada. Comparable as a vertically-integrated pharmacy + tech operator but in a different geography.

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KARE PharmTech